ICICI Bank to raise Rs 100 bn via infra bonds

06 Sep 2022 CW Team

These long-term bonds have the advantage of not having to maintain a cash reserve ratio (CRR) or a statutory liquidity ratio (SLR).

This assists them in mitigating the asset-liability management (ALM) issues that arise when granting project loans to the infrastructure and core industries sectors. According to bond market sources, these bonds could be issued in one or more tranches depending on the requirements and market conditions.

ICRA has awarded a "AAA" rating to ICICI Bank's proposed infrastructure bond issue.

At the end of June 2022, ICICI Bank has borrowed Rs 388.09 billion through long-term infrastructure bonds. According to the bank's investor presentation for Q1 FY23, it is up from Rs 221.39 billion a year before.

Also Read:
Shrem InvIT to monetise operational roads
SAIL provides special DMR grade steel for INS Vikrant

Infrastructure Transport

16 Sep 2025

Metro Line 2B Phase 1 to Boost Realty in Mumbai’s Eastern Suburbs

Mumbai’s real estate sector is set for a major boost as Phase 1 of Metro Line 2B, between Mandale and Diamond Garden, nears completion. The Mumbai Metropolitan Region Development Authority (MMRDA) has confirmed that mandatory rectifications are done, and inspections by the Commissioner of Metro Railway Safety (CMRS) have been carried out. The 5.39-km stretch with five stations forms part of the larger DN Nagar–Mandale corridor, designed to ease congestion and improve east–west connectivity. Passenger operations are expected by December 2025, with the full line slated for 2027. ..

WattPower wins Best Inverter award at Global Solar Expo 2025

WattPower, a leading renewable energy solutions provider, has won the award for “Best Inverter in the Utility Segment” at the Global Solar Expo 2025. The recognition underscores the company’s commitment to delivering reliable, high-performance and future-ready solar solutions for large-scale projects. At the forefront of utility-scale solar, WattPower manufactures advanced string inverters that directly feed power into the Indian grid. With robust technology, high-quality components and comprehensive product lifecycle support, its solutions stand among the most sophisticated in the ..

Awfis delivers 67,000 sq. ft. innovation hub for eBay in Bengaluru

Awfis Space Solutions, India’s largest flexible workspace provider and the first publicly listed workspace solutions platform, has partnered with eBay to establish a 67,000 sq. ft. innovation hub at Embassy Tech Village, Bengaluru. The mandate covers design, build and management of the new office, which will act as a strategic hub supporting diverse functions and accelerating eBay’s AI-first commerce strategy. The centre will focus on artificial intelligence, engineering, product development and applied research, strengthening eBay’s growth in India. Embassy Tech Village, North Beng..